Investment Market Update
Asian stocks rose across the board on Wednesday as expectations that Beijing would implement stimulus to soften the economic blow from the US-China trade war.
US stocks finished higher on Tuesday, as investors viewed the latest escalation of the US-China trade war as less consequential than feared.
UK stocks remained broadly unchanged as of the end of Tuesday, as it is believed that the latest round of US-China tariffs had already been priced into markets.
- German carmakers BMW, Daimler and Volkswagen are to face an EU inquiry for allegedly conspiring to restrict diesel emissions treatment systems. The European Commission said it was investigating whether they agreed to limit the development of systems to reduce harmful emissions. if proven, this could mean that consumers had been denied the chance to buy less polluting cars.
- The merger between supermarkets Sainsbury's and Asda is to be subjected to an in-depth competition investigation. The Competition and Markets Authority said the tie-up "raises sufficient concerns to be referred for a more in-depth review". The CMA had taken an initial review of the deal which was announced in April and the supermarkets have said that grocery prices will fall in both chains as a result of the merger.
|FTSE All Share||4,038.99||0.0%||-4.3%||9.0%|
|FTSE Small Cap||5,790.62||0.1%||-2.1%||14.9%|
|St. James's Place||1,096.00||-0.1%||-10.6%||20.9%|
|Euro Stoxx 600||378.73||0.1%||-2.7%||7.7%|
|Dow Jones Ind||26,246.96||0.7%||6.2%||25.1%|
|MSCI AC Asia Pacific||161.92||0.6%||-6.8%||28.7%|
|MSCI World (Developed)||2,172.27||0.5%||3.3%||20.1%|
|MSCI AC World (Dev & Em)||520.19||0.5%||1.4%||21.6%|
|MSCI Emerging Markets||1,019.74||0.3%||-12.0%||34.2%|
|MSCI AC World Value||218.04||0.5%||-2.7%||15.2%|
|MSCI AC World Growth||291.78||0.5%||5.4%||28.3%|
|FTSE Gilts All Stocks||3,544.29||-0.3%||-1.2%||3.0%|
|FTSE Index Linked All Stocks||624.00||-0.7%||-3.7%||2.3%|
|ML Sterling Corporate Bonds||393.10||-0.2%||-1.9%||5.7%|
|ML Global High Yield Bonds||378.46||0.1%||0.3%||9.7%|
|Brent Crude Oil||79.03||1.3%||23.4%||14.5%|
|Consumer Goods and Services||19,764.06||-0.8%||-11.6%||13.6%|
|Oil & Gas||9,309.47||1.0%||2.8%||6.0%|
|$ per £||1.32||0.2%||-2.6%||9.5%|
|€ per £||1.13||-0.1%||-0.1%||-4.0%|
|¥ per £||147.35||-0.1%||-3.2%||5.3%|
|VIX Index (Volatility)||12.79||-6.5%||15.9%||-21.4%|
|Baltic Dry Index||1,356.00||-0.1%||-0.7%||42.1%|
|BoE Base Rate||0.75%|
|LIBOR (3 months)||0.80%|
|Consumer Price Index||2.50%|
|Retail Price Index||3.20%|
|Yields / Ratios|
|FTSE 100 Adj P/E||12.18|
|FTSE All Share Adj P/E||12.26|
|FTSE All Share Yld||4.17%|
|15yr Gilt Yield||1.71%|
|10yr Gilt Yield||1.57%|
|10yr US Tres Yield||3.06%|
Market prices will reflect the last closing prices with the exception of the Asian markets which may be still trading at the time the data is obtained. The data for these markets is therefore a snapshot of live trading data obtained between 06.45 and 07.15 GMT. Growth is shown cumulative and is not annualised. A positive currency movement indicates the £ appreciating against the other currency. Performance data does not account for the re-investment of dividends. This information has been reproduced by kind permission of Bloomberg and does not necessarily reflect the opinions of St. James's Place Wealth Management. St. James's Place considers the information to be reliable but it is not intended to provide a sufficient basis on which to make an investment decision.
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Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.